The numbers are huge in both the online and offline worlds of sports betting, with some of the largest betting corporations boasting thousands of clients worldwide. Sports betting accounts for 30 to 40% of the worldwide gambling business, including lotteries, casinos, poker, and other forms of entertainment.
All sports now have betting, and emerging categories like eSports seem to see the most growth in player involvement, audience, and betting. However, there have always been a few titans that account for the majority of the worldwide sports betting industry, and while numbers vary by nation, these are the most popular different sports to bet on.
Soccer is the most popular and largest sport among different sports to bet on, so it's no surprise that it's at the top of the list. Even though horse racing is the most popular, in-game betting and early cash-outs transformed football betting into a huge success. Every year, it is believed that over 1 billion gets wagered on football in the United Kingdom. It's hard to acquire precise numbers for the worldwide market due to various unregulated marketplaces, but the amount of betting in football must be immense.
Horse racing has long been associated with gambling, and it was the most popular sport to wager on throughout the majority of history. Horse races are among the athletic events, and with more prize money comes a big audience and big bettors. It's still a worldwide giant and the only sport you can bet on 24/7 across the world. Horse racing betting is believed to be worth more than 100 billion euro each year. Surprisingly, Japan is the most important market, followed by the United Kingdom and Australia. In the United Areas, horse racing is a big industry, and with betting becoming legal in some states, it may be a sleeping monster.
Tennis is the third most popular sport to bet on, which may come as a surprise to many. Live / in-play betting began with bets on who would win a set; today, a person can bet on who will win a game; the vast number of possibilities makes tennis a particularly high-frequency betting sport. Tennis draws also make it an easy low-odds bet. Live betting has been an essential driver in the enormous increase in tennis betting.
Golf has been one of the most popular sports bets in recent years. With 78 players on the course at any time and various betting types, it's easy to understand why this game is so popular with gamblers. Big tournaments last three days, whereas majors go four days; combine this with a large number of players on the field, and you have many more possibilities, odds, and unpredictable outcomes than in other sports.
Boxing has long been associated with wagering, and while it has surpassed football, tennis, and golf, it remains a popular sport. Although mixed martial arts (MMA) is a relatively young sport, the UFC's popularity has grown with time.
eSports is the fastest-growing sport and sports industry in terms of betting volume. eSports' growing popularity is forcing bookies to react rapidly or risk falling behind. Virtual sports surged in popularity in 2020, with all primary bookmakers giving various eSports match betting options. The sports betting industry's income is quickly increasing as a result of this expanding volume.